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Dilema stick on Nationwides SVR 2.5% or fix
Hi im in dilema.. after reading the sunday papers it seems all the advice is to get a 5 year fixed rate ASAP. Im on nationwides SVR of 2.5% the best deal I can find is 4.39 fixed at hsbc. Should i go for that or stick on the 2.5% for a bit and ride it out - im just worried that in a few months there will be no cheap deals…
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Bad credit history - will northern rock transfer my mortgage to another property ?
well as the title says really iv got a bad credit history and am just wondering the likely hood of NR agreeing to transfer my current mortgage to another property - reducing the mortgage by around 25% ? all thoughts welcome and appreciated
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Stay with Nationwide 2.5% BR or move to 5-yr fix?
We're coming off our Nationwide tracker in August and can transfer as existing customers to their 2.5% base rate. Not sure whether to ride this for a while and see what happens to interest rates as we would be able to move very quickly if they did start to increase, or fix now to something like the Northern Rock's 5-yr…
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Interest only mortgage ending - need advice please
Hello, My in-laws interest only mortgage is coming to end this summer. The figure is 61,750. One is 59 in full time work and the other is 65 looking to go part time due to ill health. They plan to sell their house and their parent's house (paid for). They will then downsize slightly and use the extra money to become…
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BTL remortgage & transfer of ownership
Hi there guys, Ok well the situation is I jointly own a flat purchased in 2004 for £350k with a deposit of 25% on an HSBC BTL mortgage (fixed rate 6.15% until Nov 09). My father who I jointly own the flat with has said I can take over the flat if I repay his initial outlay of 80k which is certainly an offer I'd like to…
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Overpaying Repayment v. Overpaying Int. Only
Our mortgage was originally interest only, which on 80K equated to around £450 a month. Since the rate has dropped the interest fell to only approx £100 a month so we began overpaying it. Is us overpaying an interest only mortgage exactly the same as doing a repayment mortgage? I was under the impression that us giving…
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Best self-employed interest rate
Hi ,I am self employed ,looking to move in the near future, hopefully,what are the best interest rates for 3,5, or 10 yr fixed mortgages.
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Shared Ownership company have a problem with 40 year mortgage-why?
This isn't a thread to discuss the fact I'm buying a shared ownership home...as it's definitely the right decision for me. My purchase of a new build is just about finalised and I've had my mortgage offer, we were trying to exchange today and the company behind the FTBI scheme gave me authorisation to exchange. My mortgage…
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When to lock down!
People keep talking about getting a fixed rate as though the rates are likely to rapidly shoot up... Is the general concensus that when the rate does do back up it will do so rapidly or will we have time to consider our next moves? I dont see the point in getting a 5% fixed rate when mine is currently 1% and could remain…
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Second time buyers 'deposit'
We bought an 85K house last year with a 5% deposit. We've since paid off a further 2K. The house has now been valued at 90K (We rennovated the entire house and garden for a couple of grand and appear to have avoided the slump somewhat). We are now on better salaries and fancy snapping up a bargain of a 2 or 3 bed place for…
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Legal and General Endowment
We have a 21 year old endowment with Legal and General, (build up mortgage plan) we received approx £500 in compensation for the misselling. Last year we could have surrendered the endowment for £19,000, and having paid another £600 in the last year, the surrender value is now £16,714. It is due to mature in 2 years time…
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Natwest Mortgage - Waiting for final decision - any advice?!
Hi Everyone My husband and I have put in an offer for a house we love and it was accepted - we are first time buyers and applied straight away to Natwest for a mortgage - we applied over the phone. We went through all our details with the man on the phone. We gave all our income details and as we bank with Natwest he could…
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First Direct offset mortgage application time - Fantastic service A1
Hi Guys, :beer: Just giving you all an update with how my First Direct application is going. As you may or may not recall I decided to opt for the 2 year fixed 2.99% offset mortgage. The only negative I could see with First Direct is the lengthy application time, 8-10 weeks! But I was prepared to wait as this is the right…
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Best 5 year fixed rate at 75% LTV?
Hi there, I'm a first time buyer with a 25% deposit to put down and have been looking at the best deals around at the moment. I would like to fix for 3 or 5 years. I've seen a couple of 3 year deals at 3.99% but am thinking that it might be best to fix for 5. The best deals i've currently seen are HSBC @ 4.45% with a £999…
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ISA for interest only mortgage
Hi, I was speaking to a RBS about interest only mortgages and they told me that I need to have an ISA or pension for the period I was applying for if I'm going for Interest only mortgages.I was not sure about ISA that would running for 25 years. When queried they advised me to speak to a financial advisor. Just want to…
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New Mortgage Required
Hi all, Here is the situation i am selfemployed and have been for the past 5 Years, never had any problems with mortgages before, but sold my last house in 2007, and then rented for 6 months, went abroad for 11 months and now back renting for two months. Now i need a mortgage, but what do i go for??? My deposit is…
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Advice on the type of mortgage to go for...
Well here's our currently situation: We are currently on a fixed rate deal @ 6.1% on a £103k mortgage. This is coming to an end at the end of September. We have a lump sum of £32k, which we hope to increase to £40k by the end of September. We will also have the availability of overpaying by approx £1600 each month and want…
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95% LTV Mortgages.......are they available?
Hi, Just a quick question please. Is there any lender who is lending 95% LTV ....if any what is the best rate available? Cheers for help
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mortgage holiday
hi there i would like to take a mortgage holiday for 3 months i currently have a mortgage with the halifax. the reason for this request is that my partner is currently out of work and im paying the whole lot myself at the minute. he is confident of being back in work soon but we need to take a break for a few months to…
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Which mortgage broker
Hi, I have seen a property which I want to buy. It would be for Buy to let. Which Mortgage broker should I use which can search whole of the market? Any experience with Countrywide Mortgages? Thanks MS
